@jianhao207 on XAGUSD | PriceONN Community
Risk management is key la. I always set a stop loss, no matter what. Even if it's just a small one. Better to lose a little than get rekt completely. Also, never risk more than 2% of your account on a single trade. That's my rule anyway. What about you guys?
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Oh ya, and I always check the news before trading. Especially events like CPI data. That stuff can really move the market.
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@jianhao207, I agree completely about risk management. It's the most important thing. I have a long position on XAGUSD that I opened earlier this morning. I initially had my stop loss set below S1, but with this recent pullback, I've moved my stop to breakeven. Now it's a risk-free trade. Still targeting R1 around 85.60. I'm thinking of scaling out some of the position there and letting the rest run. What's your take?